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Allegion plc (ALLE - Free Report) is a leading global provider of security products and solutions for business and domestic purposes. The company offers an extensive portfolio of mechanical and electronic security products and boasts a diverse range of market-leading brands, including CISA, Interflex, aptiQ, LCN, Schlage and Von Duprin.
Allegion commands a strong position in the North American security market. The company primarily relies on the commercial and residential construction and remodeling space which have been picking up momentum of late, especially in the U.S. This is driving demand for Allegion’s products. The slowing emerging market hurt Allegion as it has a considerable presence in that region. Moreover, Eurozone economy is still sluggish which can hurt company’s interest.
Investors should also note that there have been no significant earnings estimate revisions for ALLE. However, ALLE has an impressive earnings history. The company has posted positive earnings surprise in two of the past four quarters, with an average positive surprise of 8.77%.
Currently, ALLE has a Zacks Rank #2 (Buy), but that could definitely change following Allegion’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: ALLE beats on earnings. Our consensus earnings estimate called for EPS of 89 cents /share, and the company reported EPS of 99 cents instead. Investors should note that these figures take out stock option expenses.
Revenues: ALLE reported revenues of $584.9 million. This surpassed our consensus estimate of $572 million.
Key Stats to Note: Adjusted operating margin of 21.5%, up 200 basis points year over year.
Stock Price: Inactive in pre-market trading.
Check back later for our full write up on this ALLE earnings report later.
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Allegion Beats 2Q Earnings & Revenue
Allegion plc (ALLE - Free Report) is a leading global provider of security products and solutions for business and domestic purposes. The company offers an extensive portfolio of mechanical and electronic security products and boasts a diverse range of market-leading brands, including CISA, Interflex, aptiQ, LCN, Schlage and Von Duprin.
Allegion commands a strong position in the North American security market. The company primarily relies on the commercial and residential construction and remodeling space which have been picking up momentum of late, especially in the U.S. This is driving demand for Allegion’s products. The slowing emerging market hurt Allegion as it has a considerable presence in that region. Moreover, Eurozone economy is still sluggish which can hurt company’s interest.
Investors should also note that there have been no significant earnings estimate revisions for ALLE. However, ALLE has an impressive earnings history. The company has posted positive earnings surprise in two of the past four quarters, with an average positive surprise of 8.77%.
ALLEGION PLC Price and EPS Surprise
ALLEGION PLC Price and EPS Surprise | ALLEGION PLC Quote
Currently, ALLE has a Zacks Rank #2 (Buy), but that could definitely change following Allegion’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: ALLE beats on earnings. Our consensus earnings estimate called for EPS of 89 cents /share, and the company reported EPS of 99 cents instead. Investors should note that these figures take out stock option expenses.
Revenues: ALLE reported revenues of $584.9 million. This surpassed our consensus estimate of $572 million.
Key Stats to Note: Adjusted operating margin of 21.5%, up 200 basis points year over year.
Stock Price: Inactive in pre-market trading.
Check back later for our full write up on this ALLE earnings report later.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>